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In an October announcement, the IRS outlined these changes for 2023: The standard deduction for married couples filing jointly for tax year 2023 rises to $27,700, up $1,800 from 2022. For single ...
The basics of tax filing never change. Every year, you must declare all of your earned income, claim any deductions or credits you're entitled to, and ensure that you've paid the appropriate tax
A change that didn’t make it. The American Rescue Plan Act of 2021 required third-party payment networks like PayPal and Venmo to send taxpayers Form 1099-K if they received third-party payments ...
The due date is approaching and it is once again time to file your tax returns. Filing taxes for 2023 can feel overwhelming, but with the right guidance, you can determine how to navigate through ...
Tax season is well underway once again. For those who got an early jump and already filed their 2022 taxes, it's never too soon to start thinking about your tax plan for 2023. While filers shouldn ...
If you're still working on filing your tax return in 2023, you're not alone. Many Americans take all the way until the final day of April 15 -- or, for 2023, April 18 -- to finish their returns.
The IRS has announced a few tax return changes, such as new 2023 tax brackets, which have the potential to increase or reduce tax refunds. ... While this year’s tax filing deadline is April 18 ...
Continue reading → The post Advisors Should Understand These 2023 Tax Changes Now appeared first on SmartAsset Blog. ... The standard deduction for single filers will increase by $900 to $13,850 ...
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